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Spain GDP Growth Exceeds Expectations
Spain's economy grew more than expected in the third quarter on household spending, advance estimate from the statistical office INE showed Friday. Gross domestic product expanded 0.3 percent sequentially, following second quarter's revised 0.4 percent expansion. The growth rate was seen at 0.2 percent. On a yearly basis, economic growth eased to 1.8 percent from 2.0 percent a quarter ago. Nonet
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Tompkins Financial Slips To Loss In Q3
Banking and financial services company Tompkins Financial Corp. (TMP) reported Friday a net loss attributable to Tompkins of $33.35 million or $2.35 per share, compared to net income of $21.34 million or $1.48 per share in the prior-year quarter.
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Russia Central Bank Adopts Bigger-Than-Expected Rate Hike To Fight Inflation
The Bank of Russia raised its benchmark rate by a bigger-than-expected 200 basis points on Friday as inflationary pressures moved significantly above expectations. The board of directors headed by Elvira Nabiullina decided to lift the key rate to 15.00 percent from 13.00 percent. Markets were anticipating a 100 basis point increase.
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Corteva Sees Q3 Results Below Estimates; Slashes FY23 Outlook
Announcing preliminary net sales and earnings results for the third quarter on Friday, Corteva, Inc. (CTVA) now expects third-quarter loss from continuing operations of $0.45 per share on net sales of approximately $2.6 billion.
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U.S. Personal Income Rises Slightly Less Than Expected In September
A report released by the Commerce Department on Friday showed personal income in the U.S. increased by slightly less than expected in the month of September. The Commerce Department said personal income rose by 0.3 percent in September after climbing by 0.4 percent in August. Economists had expected income to advance by another 0.4 percent.
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Chart Industries Q3 Results Miss Estimates; Cuts FY23 Revenue Outlook
Chart Industries, Inc. (GTLS) reported Friday a net loss attributable to the company for the third quarter of $3.4 million or $0.07 per share, compared to net income of $41.2 million or $0.98 per share in the prior-year quarter. Income from continuing operations were $0.05 per share, compared to $0.98 per share last year.
Excluding items, adjusted earnings for the quarter was $1.28 per share, compared to $1.19 per share a year ago.
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Russian Ruble Advances Against U.S. Dollar After Russia Rate Hike
The Russian Ruble appreciated against the U.S. dollar in the European session on Friday, as Russia's central bank raised the key rate by 200 basis points amid stubborn inflation pressures.
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more news
Newell Brands Slashes FY23 Outlook - Update
While reporting financial results for the third quarter on Friday, consumer goods company Newell Brands, Inc. (NWL) slashed its normalized earnings and sales growth guidance for the full-year 2023.
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Colgate-Palmolive Boosts FY23 Adj. EPS, Sales Growth Outlook - Update
While reporting financial results for the third quarter on Friday, Colgate-Palmolive Co. (CL) raised its adjusted earnings, net sales and organic sales growth guidance for the full-year 2023.
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Sanofi Q3 Profit Rises, Backs FY23 View, To Split Consumer Healthcare Unit; Stock Dips
French drug major Sanofi reported Friday higher profit in its third quarter, while sales declined. Further, the company reiterated fiscal 2023 business earnings view.
Separately, Sanofi said it plans to separate the Consumer Healthcare Business with a view to focus on Biopharma business. Sanofi shares were losing more than 15 percent in the morning trading in Paris.
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Sensex Jumps 635 Points On Global Cues; Nifty Tops 19,000
Indian shares ended sharply higher on Friday, reflecting some improvement in global risk appetite after data showed the U.S. economy grew at the fastest pace in nearly two years in the July to September quarter on the back of increased consumer spending.
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Swiss Franc Falls Against Majors
The Swiss franc weakened against other major currencies in the European session on Friday.
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European Shares Mixed As Earnings Pour In
European stocks were mixed on Friday as weak earnings from the likes of Sanofi, Remy Cointreau and NatWest offset robust U.S. economic data released overnight.
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Před 573 dny
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